I would stick with Bitcoinwisdom's 15% estimate. If could just be good luck right now or it may very well be new power added to the network, but in the next 1400 blocks I'm sure some more Neptunes and SP stuff will come online to ensure the 15%.
AM stuff is still a mystery - guess that 150PH in chips hasn't been materialized into hardware.
AM stuff is still a mystery - guess that 150PH in chips hasn't been materialized into hardware.
well you never know but it has trended down a bit more on btc wisdom it is around 13.6 %
Well you can't forecast luck. BTC Guild is now doing well and Ghash.io has been doing pretty badly. The network hasn't found a block in 55 minutes - bad streaks throughout the day - but I'm not complaining
Yeah 55 minutes for the entire network to find a block is pretty remarkable. well whether we do 8% or 13% in 7 more days. Either one is far better then 20%.
Phillip, Dr.G....we should all put .01 btc in a pot and let the winner get it ?
No that is gambling. This thread is speculation and is here to guide those looking to expand or shrink their mining activities.
Lets face it I am in the camp that growth is shrinking towards a 6-9% range for the next 140 days. Doc G is in the 12-18% camp.
Makes a big difference on how you play with BTC mining. If you are in my camp and your power cost is under 10 cents a k-watt you can still buy gear. If you are in Doc G's camp buying gear is wrong even with cheaper power. His camp would say shrink your mining and use the money from selling it to buy coins.
Lets face both of us are in the dark making educated guesses as to what to do. For me dumping gear is a reality my 2 small cheap power deals are filled up and in house at 15 cents a k-watt will stop working in a few months. Even with 4-8% growth my in house mining ends in feb or march.
and btc wise = 13.58%
bitcoin charts = 5.87% as of 1 pm eastern standard time. and we are about 1000 block done and 1100 to go.
DrG was in the same camp as Phillip. DrG once thought difficulty would not hit 1 Billion very quickly back when Bitcoin was sitting in $100s. Now Bitcoin is sub $500 but difficulty is at 30 billion. DrG think miners have lost their minds and have been overrun with greed and mining has been centralized with economies of scale. DrG believes mining for profit is only for idiots like himself who have a little cheap power and even then realizes he may not ROI on his Bitmain S3s. DrG has gone full pessimist on mining.... never go full pessimist
